Doom and gloom wow. Makes me want to load up on futures. The only thing missing is the panic sell off.. Love to see that before i buy...
What reason would any fool vote for a republican if the republicans were not tax friendly to the "RICH" ? Keyword was "RICH" How many clowns that vote republican are actually in the catagory of coming out ahead with a republican tax cut for the "RICH? Many just dream of being a fat cat and are used by the repups as laughable idiots. Many of the republicans that pretend to be a "RICH" person fail to realize that as the REAL fat cats get a tax cut that matters in the wallet rather than just in their dreams they actually are facing more taxes in the long run. In the short run they are also facing higher taxes in the form of higher fees for services, fines, local property taxes, higher costs for kids educations, higher inflation, lower returns on many accounts, etc, etc on and on. What tickles a republicans asshole aside from a tax cut? NOTHING, they are one trick carnival barkers for the top 1%. Real men to not like paying taxes any more than a selfish person but a real man knows in his heart the more he pays the better he did. <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/0002010E.gif" border=0 ></a>
No nation can maintain prosperity without manufacturing high value added goods. If you lose this capacity - the capacity to make specialized, technologically intense, expensive, and highly desired products (think aircraft, optics, medical instruments, precision machine tools, microprocessors and specialized chemicals) - you will ultimately devolve into a service based, second rate economic power. Doctor, attorneys, financial advisors, accountants, investment bankers - all depend on the wealth created by high tech manufacturing. See how many people will be able to afford medical care without employee provided health insurance to subsidize the costs of treatment, surgery, medications and diagnostic tests. But, alas, that's the road the elite in the U.S. have put us on. Every man for himself!
If Bernacke raises by 2 or 3 full points, Crash for Sure. If he keeps steady at 2% of lower, it'll be a long protracted slide then a Crash. Sub 7,000. Who will be Japans America to save us when our Dollar is inflated to ridiculous levels? No one. We don't make anything for them to buy anyway. I just don't see it. Theres nothing to keep this beast propped up. Discreationary will go down the toilet at 2% FF. 7$ a Gallon gas, 4$ bread and Climbing. Eventually, the malls will empty and the entire thing will come down on Our Heads. Theres no other way.
Raise rates, burn the mother down (all the sickly banks and businesses) and let consumer reap the benefits of deflation. There's a reason why they intentionally start forest fires if nature doesn't burn the underbrush for a long period of time - because when the fire does begin, it turns into an uncontainable mofo, and destroys 100x the amount of acreage and homes that normal interval fires would cause.
Deflation is the worst thing during a downturn. Consumers will delay purchases of large items thinking that in 6 months they will be cheaper.
the drumbeat of war grows louder each day just check out the front page of the drudge report its pretty clear.......countdown to an epic showdown iran is not backing down........war with iran will be cataclysmic for both america and for israel (amerisreal).......amerisreal doesn't understand the muslim mentality.......muslims don't give a fuck about logic or reason or death......they care about pride and they will not allow themselves to be humiliated by giving into the demands of amerisreal like the sunni states that are pwned by amerisreal do. alqeada is chickenshit compared to hamas/iran/lebanon.........and the holy war that such an attack on iran would create will make amerisrealis cry for generations to come.........amerisrealis don't know what pain is.........yet i hate the muslim and amerisreali mentality equally.........i just want peace and prosperity for all............but since they don't maybe they should just fucking kill each other for generations to come while the BRICK nations laugh with amusement and grow every so prosperous Israel has a year to stop Iran bomb, warns ex-spy: http://www.telegraph.co.uk/news/wor...s-a-year-to-stop-Iran-bomb,-warns-ex-spy.html Preparing the Battlefield: http://www.newyorker.com/reporting/2008/07/07/080707fa_fact_hersh iran is digging 320,000 graves for amerisrealis: http://www.breitbart.com/article.php?id=080629185519.5hi45ii3&show_article=1
Pride exactly at what? Pride ( or hubris ) is considered most serious of the deadly sins. http://en.wikipedia.org/wiki/Seven_deadly_sins